Festgeld

What is wiLLBe Festgeld?

wiLLBe's Festgeld is a classic term deposit with a fixed interest rate for a 12-month term. Unlike fixed-term offers from established large banks such as Deutsche Bank or Postbank, wiLLBe's very low minimum deposit also makes it accessible to savers who only want to invest smaller amounts.

Interest Rate and Terms

For the 12-month term, wiLLBe pays 2.66% p.a., fixed and guaranteed for the whole term. The rate applies to deposit amounts between EUR 100 and EUR 100,000. With a minimum deposit of just EUR 100, the entry threshold is far lower than for most fixed-term offers from other banks – GEFA Bank, for instance, requires a EUR 10,000 minimum for its fixed-term products.

Terms and Conditions

No confirmed information is currently available for this product on further details such as notice periods, fees, deposit protection, or whether a reference account at another bank is required. Anyone interested should clarify these points directly with the provider before signing up, particularly since wiLLBe is a comparatively young and less well-known provider next to Germany's established large banks.

Who Is It For?

The offer is best suited to savers who want to benefit from a fixed, predictable interest rate even with smaller amounts starting at EUR 100, without having to raise a four- or five-figure minimum deposit. Those wanting to invest larger sums may find comparable or even higher rates for similar terms at established providers. Deutsche Bank and Postbank, for example, also pay around 2.70% p.a. for 12 months, but only on new deposits of at least EUR 2,500 – for small savings amounts below that threshold, wiLLBe remains one of the few options offering a comparable rate.

Worked Example

On the EUR 100 minimum deposit, the 2.66% p.a. rate works out to only around EUR 2.66 in interest a year – modest, but accessible even with a small amount. On a EUR 10,000 deposit, it would work out to roughly EUR 266 before tax, and on the EUR 100,000 maximum, around EUR 2,660.

Verdict

At 2.66% p.a. for 12 months, wiLLBe's Festgeld sits close to market level for comparable offers, but its main selling point is the low EUR 100 minimum deposit. Since no confirmed information is available on fees, notice periods, or other details, interested savers should clarify these points directly with the provider before signing up.